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More Thoughts About the New Class-Action Law

I'm quoted in a St. Louis Post-Dispatch article about the new federal class-action law: "Reality may stymie desired effects," by Paul Hampel--

Evan Schaeffer, a Godfrey plaintiff's attorney who specializes in class-actions, says without the flexibility of coupon deals, more corporations may find themselves risking what he calls "bet-the-company verdicts."

"It's the defendant who favors coupons; a plaintiff's lawyer would rather have a cash deal," Schaeffer said. "A defendant wants to get out as cheaply as possible, so they propose a coupon settlement."